Alstom in talks with Siemens on rail tie-up

French transport company Alstom, maker of high-speed trains, said Friday it was in talks with Germany's Siemens over a possible railway sector tie-up. Following media reports that both companies were planning to merge their rail activities, the company confirmed in a statement "the existence of discussions with Siemens relating to a possible tie-up between Alstom and Siemens's Mobility unit".
But it said no decision had been taken. The talks are a throwback to similar discussions between both companies in 2015 that were cut short when Alstom instead signed an alliance with US giant General Electric.